IBM (IBM) Has Largest One-Day Drop in 8 Years Following Q1 Numbers
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IBM (IBM) Misses Q1 EPS by 5c, Sales Fall 5%
April 18, 2013 4:06 PM EDT(Updated - April 18, 2013 4:21 PM EDT)
IBM (NYSE: IBM) reported Q1 EPS of $3.00, up 8% from last year but $0.05 worse than the analyst estimate of $3.05. Revenue for the quarter fell 5%, or 3% adjusting for currency, to $23.4 billion versus the consensus estimate of $24.69 billion.
In addition, the firm noted free cash... More
